Tollowing ihformation pertains Onique Company. Assume balance figures. that all sales were on credít. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory Property, plant and equipment Total Assets 20,000 210,000 $295.000 Liabilities and Stockholders' Equity $ 60,000 Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $295,000 85,000 150,000 Income Statement Sales revenue S 85,000 Cost of goods sold Gross margin Operating expenses 45.000 40,000 20.000 Net income S 20,000 Number of shares of common stock 6,000 Market price of common stock Dividends per share on common stock $20 $0.90 Cash provided by operations $30,000 What is the accounts receivable turnover for this company? O 2.8 times O 3 times O 3.4 times O 2 times

Tollowing ihformation pertains Onique Company. Assume balance figures. that all sales were on credít. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory Property, plant and equipment Total Assets 20,000 210,000 $295.000 Liabilities and Stockholders' Equity $ 60,000 Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $295,000 85,000 150,000 Income Statement Sales revenue S 85,000 Cost of goods sold Gross margin Operating expenses 45.000 40,000 20.000 Net income S 20,000 Number of shares of common stock 6,000 Market price of common stock Dividends per share on common stock $20 $0.90 Cash provided by operations $30,000 What is the accounts receivable turnover for this company? O 2.8 times O 3 times O 3.4 times O 2 times

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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